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Home My WebLink About0188 ~ t ~ 7 3. Tn plsct and contiouously keep on fhe bu~:d~ngi now a hereafee~ sit~at~ on aid lu+d and on all equipmtnt ~nd patoeally cowr~d by thi~ mwt~ y p~, with ~11 prsmivms the~eon pa~d in (ufl, lire insvrance in Ihe uswl fr~ndard polity form, in a wm approv~d by tM MORiGAGEE, ~~+d wind~lorm iruuraoc~ i~ th~ usual ~tandard pol~ty 1o~m, in s sum •pproved by ~M MOR~GAGEE, in such tompany w tompani~s as tM MORTGAGEE may dk~ty ~nd all fir~ and w~~d~torm insuranc~ potiues on any of s+id build~nps, any inl~?~st tltfl~lfl Of pifl IM~lOI, in ~FN ~pqrcp~M ~um ~fpt~aid o~ in ext~sf Ihereof, ahsll ton~ain ths usual ata~Jard mor~ga9te clauss or such other claus~ ~t tM MwtpagN m~y requin, makinp th~ Iw~ u~da sad po1F r ci~s, ~ach and ~vNy, payabl~ ~o said MORiGAGEE +s its intere~t m~y ~ppe~~, ~nd each ~nd ~very tuch policy iMll b~ pranptly ~u:pned u~d d~liv~red to any heid by uid MORIGAGEE as tunhsr ~~curiey to said mor~gage debt, and, not leu th~n ten (10) days in advana of tha expi~~tion of e+ch policy. to dr IivN lo uid MORTGAGEE ~ ~~newal thereof, togelher with a receipt fw the p~emivm oi iuth renewal; ~nd Ihere sh~l~ b~ no fi~~ or windstorm inwranu pl~c~d on ~ny of seid buildings, any interest therein or parl thcreof, unle~s in fhe torm and with IM loss payaDi~ as ~tae~aias a? int wani ~ny i~~~~ of mon~y beca~xs psyabl~ unde~ such poticy a poliue~ said MORiGAGEE ~hall havs ~he opf~on to receive and ~pply the s~m~ on acco~nt of ~M ind~bted~ ; Mss seturtd hareby or ro permit said NkORTGAGORS ~o receive and us~ it a any part thereof fa mhcr pu~pose~, withwt thereb~ waivi~y or ~mpair- Inp any equity, litn w ri9h1 under w by virtue of this mortyaye; and i~ ths eveM ~aid MORTGAGORS thaU fa u~y ~eawn iail 1o keep IM said p~s~~us w'° ~ inw~ad, o~ fail ro deliver promptly any of sa~d polKies af insursnce to s~id MORTGAGEE, w fait promptly to pay fully any premium therefw o~ in ~ny • r- ~ t~tpM faii b pe~Form, dischuge, execute, etfect, complete, compfy w~ih end abide by 1hi~ covenant, or ~ny part hareot, iaid MuKivKVCC may p++~e e~:u j p~y fw tuth in~~renct or any parl thereo( without waiving w affectinp any option, lie~, equity, or riqht under or by virtw of thif Matppe, and tht ~ full amo~nt of each ~nd e~rery such payme~t ihall be immediately due and payable a~d shall bear i~teresl from ths date theteof untif p~id a1 tM rat~ of niM por centum per snnum and to~ether with such interesr shal{ tx secured by Ihe lien of this mortpspe. ~ 1. To permit, commil or suNer ~o waste, impairment a deterioration of s~id p.ope~ry w any pa?1 thereof. 3 5. To pay ~II ~nd iing~lu the costs, charges ~~d expenset, including a ressonable ananey's fes and wsts of ~bstrecfs of title, intvrr~d or paid ~t ' ~ny time by iaid MORTGAGEE, because ar in the event of the (ailure on the p~?t of tM ssid MORTGAGOR to duly, promptly and fvlly pMform, disch~rg~. ~ execute, effect, complNe, comply w~th and ab~de by each and every the stipu'.ationi, ag~eemems, conditiau, ~nd mveMnn of uid pomiswry not~ u~d this ~ mortqape any d eitlxr, and sa~d coses, charyes and expenses, esch and evcry, thall be immediately dve and payable; whether or not thtr~ bt nOtitf dr ~ mand, attempt to collecf w suit pend~ng; and the full amount of each and e~ery s~ch paymenl shall bear inte~est from the date ihereof until paid af tht 3 rate oE nine per centum per amium; and all said cosri, charges and expenses incurred or paid, together with such intKe~t, sMll be sscured by /M lien of thiu monpaye. 6. That (a) in the event of a~y bresch of this Mortgage or defa~tt on the part of the MORTGAGpR, or (b) in the ~vent any of iaid swru of ma~ey herein referred to be not promptiy and fully paid within ?h~rty (30) days next after the same severa!ly become due ~nd pay~bk, without demand w notice. w(cj in the evcnt each and every fhe stiputations, agreemems, cond;tions and covenants of sa~d promissory not~ snd this matpapt any o~ sither are not ~uly, promptly and fully perfwmed, d+xharged, ezrcuted, eilec~ed, complered, complied with and abided by, tMn a~ eithe~ a any ~uch w~M tM t~id a~ f pregata wm meMio~ed in said promissory note then remaining ~npaid, with interest accrucd, and all moneyt setvred hereby, ihall becane dw and p~y- j able forthwith, w thereafte~, at ~he option of said MORTGAGEE, as fulty and completely as ii all of the said ~ums of mo~ey were'oriyinally stipulated to be paid on such day, a~ythiog in sa~d prom~ssory note or in th~s Mortgage to the contrary notw~thstandiny; snd thereupon w tixre+fter at tM option of ~ •aid MORTGAGEE, without notice or demand, suit at law or in equity, thtre(we or thereafter begun, may be prose~utsd u if ~ll moneya aKUred hereby { ' had matwed prror to its i~stitution. , t 7. That in the event thst at the beginn~ng of or at any time peoding any suit upon this lNorigsge, or to fwatlos~ H, Or to ra(orm it, or fo enfwcs p~yment of a~y cleims hereunder, said N10RTGAGEE shall apply to Ihe Court having jurisd~ct+on thereof for the appointment of • Receiver, such Courf shall fathwith appoint a reteivel of said mortgaged property all and sirgutar, irxlud~ng all and singu~ar the i~cort~e, profits, iuues and ~evanuei from whataver ~ wurce derived, each and every of wh~ch, it be~ng expressly understood, ia hereby mortgaged as if tpeciiicalty se1 fwth aod dewibed in the p?anting a?d habendum clauses hereof, and such Rcceiver shall have all the broad a~d effecrive funcno~s and powers in anywise entrusted by a Co~rt fo a Receiver, and such appointmen~ shall be made by such Court as an adm~tted equity and a maiter of absolute right to said NIORTGAGEE, and withouf reference to ~the ~ sdequacy a inadequacy of the value of the properry mortgaged or to the wtvency w inso~vency of said MORTGAGOR p tM defendants, and Ihat such rents, profin, income, issucs and revenues ahatt be applied by such Receiver accordi~,g to the lien w equity of taid MORTGAGEE snd the puctice of such Court. 8. To duty, prompUy and fully perfwm, discharge, e:ecute, effect, complcte, tomply w~th and abids by esch ~nd every ths stipulations, ~greemenb, ' conditans and covenants ~n sa~d promisswy note and thii mortgage set forth. 9. That in the e~ent tht owncrship of the mortgaged premises, w any part thereof, becares vesfed in a persen otf~er tMan fhe MORTGAGOR, fhe MORTGAGEE, its ~ucceswrs and assigns, may, withou~ notice to the ASORTGAOR, deat with such successw a wccessor in interest with referente fo fhis mortgage and the drbt hereby aacu~~d in 1he ume man~er as with Mortgagor without in any way vitiating or disch~rging the Mortyagora' li~bility hertr untkr or upon the debt hereby secured. No sjle of the premises her~Uy mortgaged and no forbeara~te on the pan of the MORTGAGEE o? iff suctesson or assigns a~d no extension of the time for thc payment of the debt hereby secured given by the MORTGAGEE or its sucteuors or aui9ns, sh~ll op~raq . fo relesse, d~uhugc, modify change or atfect the ong~nal Isab;Iny of the MORiGAGOR .herein, either in whole o? in p~rL 10. It is spec~f~caity ag~eed fhat time is o} the essence of this contract and that ~o waiver of any obligat~on hereunder w of tM oblipafion se- cvred hereby sF~all at any time thereafier be held to be a wa~ver of ihe terms hereof or 6f the instrument sec~red herby. 11. In a~d~t~o~ to tFw fo~ego::x~ month!y pay~r.ents of princ pai and inreresr required by the promissery nore secured hereby, mortgaqw tovenants a~d agrees to pay to m.ortgagee with each mcmhiy payrnent an add~~ional wm esNmated by mor~gagee to be eqval to 1/12 of the annual tosl of the follow- ing: ; A-All real property taxrs levied or assessed aya~ost shr above described real estate. ~ ~ B-Premiums on fire and windstorm insurar.ce as here~n ~equ~red to be carried or+ the improveme~ri sitvate on fhe sbove desaibed premises. C-Premiums on such mortgage gua~anty insurar,ce as mortgagee shatl from t~me to time deem fit to carry on the loan secured hereby. ~I Nbrtgagee shall from time to ume notify mortgagor in writing of the amouot dve and psyabk herevnder and suth wm shall thereupon be due and payable on the due date of the next monthl~ payment a~d each suctessive month thereafter urtil mortgagee shall notify-mongagor of s change in such amount. Such sums sFsll be applied by mortgag>e toward the payment of real property taxes, insurarxe prem:ums, and morlgage guaranty insurante premiums. IN WITNESS WHEREOF, the said MORTGAGOR has hereunfo set his hand and seal the day and year first afwesaid. Sig:ud, Sealed and delivered in the presence of: ~ ~ F~~_~ _ ~~~RoEO L . - - • ST i~~~`_,-_:•.~;; ~LA" W' son Hazellief (s~,n r . _ . " ~ COURT , ' ~ a.~c'_ -,c- . = a Ha i STATE OF FIORID ~ ,L~ ~ ~ J `L is~M'~5 ' COUNTY OF St. Lucie 31'~53`7 ; Befwe me penonally appeared _ W11SOf1 HazeTlief i~ ' i Lg.] a Ha~a] 7 igf his wife, to rrN well known end known to me to b~ the individuali destribed in and w6o executed tFie foregoing instrument, and stknowledged before me that they exewted the same for ths putposes # there~n exprcssed_ And the said Lela Hazell ief wife of rhe sa;d Wilcpil Ela2el11 +~f upon a separ~te and pr'rv~t~ exam~natan by me taken separate and apart from her said husband, acknowledged to and before me that she executed said inslrurrKM freelr ~nd vo{uir rarily and without any compvlsior?, constraint, apprehens~on, fear of or from F~er said husband. WITNESS my hand and official seal this~~~ day of. Septenber , A, D. 19 7S ~ :titiy~t..rillj•~ T / Notsry Public in and fa the St sljFlprlQ~'it•lsry~ . My Commission expires: ~ ; R<<~,~ To: : ~4.. - ~ fint feder~l Savings 3 Loan Association ; i . • Of Fort P;erce. ~ : ~ : _ (:.1 : . % w Fort Pierce, Florida % C^ ' . ! ~ ~ ~ r ~ ~ ` ~ ~ , ~ v : ..,\v ~ ....~••'.(1 . ' - ~ ~ ~ ~ J t``` _ This ~nstrument Prepared By Donald B. Hughes "~t~~+`,,~t ~ First Federal Savings_ 8 Loan Association of Fort Pierce , FloYida 33450 p p " BOi:r.244 ~"CE `Checked ~ ' dz ~ . - - - ~ , _ _ _ . . _ _ . ~ ~ - - _ _r~`